Tag: GST

Concept of Tax: An Overview

The Directive Principles of State Policy, enshrined in Part IV of the Indian Constitution articulates that India is a welfare state. A welfare state is a form of government in which the state protects and promotes the economic and social well-being of the citizens, based upon the principles of equal opportunity, equitable distribution of wealth, … Continue reading Concept of Tax: An Overview

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Practical Analysis of Decisions Taken In 43rd GST Council Meeting

After a long hiatus of nearly 8 months, the GST Council meeting was convened on 28th May 2021. On the agenda were important expected items such as waiver of tax on various medicines, medical equipment, and health services. Several states had proposed a complete tax waiver on COVID vaccines, oxygen cylinders, oxygen concentrators, oximeters, etc. … Continue reading Practical Analysis of Decisions Taken In 43rd GST Council Meeting

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Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions

The Bombay High Court vide its judgment dated 08.02.2021, has raised a new question instead of delivering an answer to the correct and firm interpretation of the legislation. In the case of Yogesh Jagdish Kanodia v. The State of Maharashtra & Anr., the primary issue before the Hon’ble High Court was to deal with the … Continue reading Clubbing Of Tax Evasion under GST: An Innovative Way to Trigger Arrest Provisions

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Advance Rulings – Much Ado About Nothing?

Background After the introduction of GST, it has become very common for the media to cover the recent updates in GST Law& decisions of the GST Council. In addition to these, the media also widely discusses the recent rulings pronounced by the various State Authorities of Advance Rulings. Not only have these rulings become a hot … Continue reading Advance Rulings – Much Ado About Nothing?

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New Beginnings – Taxation Practice

…but in this world nothing can be said to be certain, except death and taxes ― Benjamin Franklin These famous words by Benjamin Franklin are often used during discussions on the subject on taxes. Taxation is indeed a sensitive subject, with almost everyone having an opinion on it. Although taxes are certain, at times its … Continue reading New Beginnings – Taxation Practice

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Step by Step Guide to Crash a Flying Jet ( Lessons not to be Learnt)

Saints, Pastors, Gurus have toiled their whole lives to reveal this secret, but after few hours of thorough studies, immaculate research, and unprecedented hard work, we have done it! We present to you “ A Step by Step Guide to Crash a Flying Jet”. Yes folks you heard it right, not just a plane you … Continue reading Step by Step Guide to Crash a Flying Jet ( Lessons not to be Learnt)

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Goods and Services Tax and E-Commerce

Introduction It is estimated that Indian E-commerce market has crossed US$ 38.5 billion as of 2017 March[1] and India will soon become second largest E-commerce market platform. This Article analyses the effect of GST on E-commerce in India and also describes the forms procedure and due dates for returns to be filed by a E-Commerce Operator … Continue reading Goods and Services Tax and E-Commerce

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Common Man’s Guide to E-Way Bill

E-way bill stands for Electronic way bill. E-way bill system under new tax regime i.e. Goods and Services Tax (GST) came into effect in April 2018. It was brought in as an anti-evasion measure in bulk consignment transports. It is an electronic waybill which is required to be carried out by a transporter of consignments … Continue reading Common Man’s Guide to E-Way Bill

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Impact of GST on Digital Entertainment Storefronts

There are on-demand Digital Entertainment Storefronts (DES) like Hungama, Saavn etc. which are engaged in providing music on demand services and are becoming increasingly popular among internet users in India who wants to listen songs on the go. Some of them are free, however some charge subscription from the listeners. Now, there arises a question … Continue reading Impact of GST on Digital Entertainment Storefronts

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